Home » Business, Energy & Environment, Manufacturing & Industry, Science, Services » Global BioLubricants Market is expected to reach USD 2,601.9 million by 2020 Research Report by Hexa Reports
“Get key Market Research Reports and Insightful Company Profiles”
Latest Research on Agricultural Films Market Increasing population and decreasing area of land available for agricultural purpose are expected to remain key driving factors for the market.

BioLubricants Market Analysis By Raw Material (Vegetable oil, Animal oil), By Application (Automotive, Hydraulic, De-molding, Industrial gear, Metal working), By End Use (Industrial, Commercial transport) Expected to Reach USD 2,601.9 Million by 2020June 2014 

The global market for bio-lubricants is expected to reach USD 2,601.9 million by 2020. Bio-lubricants are increasingly being preferred to their mineral counterparts due to desirable properties of biodegradability, constant viscosity, high flash point and lower emissions. In addition, increasing regulatory support towards the use of sustainable products is further expected to augment the demand for bio-lubricants over the forecast period. However, high cost of bio-lubricants in comparison to synthetic lubricants coupled with limited application scope is expected to be a major challenge for the market over the next six years. 

Related Reports:-

United States Hydrogen Peroxide Industry 2016 


Global Polyphthalamide (PPA) Market  2016


Further key findings from the study suggest: 

Global bio-lubricant demand was 585.2 kilo tons in 2013 and is expected to reach 915.4 kilo tons by 2020, growing at a CAGR of 6.6% from 2014 to 2020.

Vegetable oils such as palm oil and castor oil were the largest consumed raw material for the manufacturing of bio-lubricants with combined demand exceeding 450 kilo tons in 2013.

Industrial processes were the largest end use consumers of bio-lubricants with market demand of 297.5 kilo tons in 2013. However, commercial transportation is expected to witness fastest growth at an estimated CAGR of 6.8% from 2014 to 2020 owing to favorable government regulations in major developed nations.

North America was the largest regional market for bio-lubricants with demand expected to reach 343.7 kilo tons by 2020 owing to government initiatives in the form of grants and incentive for the use of bio based products. In addition, Europe is also expected to be a significant regional market over the next six years following the implementation of “Ecolabel,” a standard for lubricants (EEL) providing recommendation on policy related to bio-lubricants.

The bio-lubricant market is still in the development phase with numerous companies investing in R&D for the development of proprietary products and production process. The market is dominated by companies such as Shell, Exxon Mobil, Chevron and British Petroleum.

For the purpose of this study, Grand View Research has segmented the Global Bio-Lubricants market on the basis of raw material, application, end use and region: 

View “Industry “Wise Reports


Bio-Lubricants Raw Material Outlook (Volume, Kilo Tons; Revenue, USD million, 2012 – 2020)

Vegetable Oil

Animal Oil


Bio-Lubricants Application Outlook (Volume, Kilo Tons; Revenue, USD million, 2012 – 2020)

Automotive Oil

Hydraulic Oil

Process Oil

De-molding Oil

Lubricating Greases

Chainsaw Oils

Compressor Oils

Turbine Oils

Industrial gear Oils

Working metal Oils 

Bio-Lubricants End Use Outlook (Volume, Kilo Tons; Revenue, USD million, 2012 – 2020)

Industrial Use

Commercial Transport

Consumer Automobile 

Bio-Lubricants Regional Outlook (Volume, Kilo Tons; Revenue, USD million, 2012 – 2020)

North America


Asia Pacific


Request A Sample copy of This Report @ http://www.hexareports.com/sample/42728  

About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: sales@hexareports.com
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexareports.com/report/biolubricants-market/details

Comments are closed.